Northern Oil and Gas Inc V.NOG

Primary Symbol: NOG

Energy Oil & Gas E&P

Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 300,000-acre portfolio is distributed across the Williston, Permian and Appalachia Basins. Its portfolio comprises 300,000 acres of low-breakeven land with over 10,000 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. It acquires wellbore-only working interests in wells. It owns the Utica and Northern Delaware Basin assets. It also owns Point Assets in the Delaware Basin.

NYSE:NOG - Post by User

Northern Oil and Gas Inc

Bullboard Posts

Post by robert1958on Jan 11, 2011 1:20pm

273 Views

Post# 17954635

My Guess

Some one wanted some cheap shares as they might have heard a rumour, but with the lack of shares not being traded and they wanted some right away and cheap so they did the quick sell then buy. Gutsy move and based on this move there might be a NR on the way, and also based on this i would say it is a highly positive NR. It would be interesting to know which house did the sell and which one was right on the buy side.

Bullboard Posts

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